Ownership Dispute Regarding Foreign Debtor's U.S. Assets Must Be Resolved Before a U.S. Bankruptcy Court Can Approve Sale Under Section 363 in Chapter 15 Case

As the enactment of chapter 15 of the Bankruptcy Code approaches its 20-year anniversary, U.S. bankruptcy courts are still grappling with some unresolved issues concerning how its provisions should be applied to best harmonize cross-border bankruptcy cases. One of those issues was the subject of a bench ruling handed down by the U.S. Bankruptcy Court for the District of Delaware.

Filed under:
Global, USA, Delaware, Insolvency & Restructuring, Litigation, Jones Day, Bankruptcy, Debtor
Authors:
Corinne Ball , Dan T. Moss , Randi C. Lesnick
Location:
Global, USA
Firm:
Jones Day
Controlling Stockholder Exercising Voting Power as Stockholder to "Change the Status Quo" Owes Fiduciary Duties

In Short

Filed under:
USA, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Jones Day
Authors:
Randi C. Lesnick , Andrew M. Levine , Bryan E. Davis , Ted Powers III , Benjamin L. Stulberg , Corey L. Zarse
Location:
USA
Firm:
Jones Day